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3702 E Polk Street

Phoenix, AZ 85008
More Info & Contact
Pending
$575,000
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About The Property

Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an… Read MoreRead Less
Courtesy of Levrose Real Estate 480-947-0600
Listing Snapshot
Days Online
25
Last Updated
Property Type
Multiple Dwellings
Year Built
1983
MLS Number
7055439
M. Logan
Top 2% performing AZ broker
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Pending
Multifamily
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Additional Details

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Appliances & Equipment
Refrigerator, Free-Standing Electric Oven
Building
Built in 1983, Construction materials: Stucco, Block, 4 total units
Cooling
Heat Pump, Individual
Expenses
Insurance: $1,860, Water sewer: $2,760
Floors
Tile, Carpet, Vinyl
Heating
Individual, Electric
Parking
>1 Space Per Unit, 8 total parkings
Property
Zoning: R-3
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $1,080, Lot: UK
Utilities
APS, Individual Meter
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30 Days Snapshot Of 85008
$398k
-20%
(avg) sold price
12
-42%
homes sold
79
-19%
(avg) days on market
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Monthly Payment
$0

Schools In The Area

Check out nearby schools with ratings and contact info.
Orangedale Early Learning Center 602-629-6800 Public PK
David Crockett Elementary School 602-629-6600 Public KG-5
Pat Tillman Middle School 602-629-6500 Public 6-8
Camelback High School 602-764-7000 Public 9-12
Orangedale Early Learning Center 602-629-6800 Public PK
David Crockett Elementary School 602-629-6600 Public KG-5
David Crockett Elementary School 602-629-6600 Public KG-5
Pat Tillman Middle School 602-629-6500 Public 6-8
Camelback High School 602-764-7000 Public 9-12

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